Invent Assets Securitisation & Reconstruction Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Reliance Home Finance Limited, seeking the commencement of the Corporate Insolvency Resolution Process (CIRP).
Invent Assets Securitisation & Reconstruction Pvt. Ltd. filed a petition on 17.01.2025 against Reliance Home Finance Limited under Section 7 of the IBC.
The amount claimed to be in default is INR 7,80,98,017/-, including outstanding interest.
Reliance Home Finance Limited availed financial assistance from Reliance Commercial Finance Limited (RCFL) pursuant to an Inter Corporate Loan Facility Agreement dated 01.04.2023.
RCFL disbursed a total sum of Rs. 4,85,00,000/- to Corporate Debtor between 03.05.2023 and 29.03.2024.
Authum Investment & Infrastructure Limited disbursed a total sum of Rs. 2,15,00,000/- to Corporate Debtor between 28.05.2024 and 08.11.2024 after the demerger of the lending business of RCFL into Authum.
…Sign in to view the parties.
Agreement between…
First disburse…
Invent Assets Securitisation & Reconstruction Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Reliance Home Finance Limited, seeking the commencement of the Corporate Insolvency Resolution Process (CIRP).
Invent Assets Securitisation & Reconstruction Pvt. Ltd. filed a petition on 17.01.2025 against Reliance Home Finance Limited under Section 7 of the IBC.
The amount claimed to be in default is INR 7,80,98,017/-, including outstanding interest.
Reliance Home Finance Limited availed financial assistance from Reliance Commercial Finance Limited (RCFL) pursuant to an Inter Corporate Loan Facility Agreement dated 01.04.2023.
RCFL disbursed a total sum of Rs. 4,85,00,000/- to Corporate Debtor between 03.05.2023 and 29.03.2024.
Authum Investment & Infrastructure Limited disbursed a total sum of Rs. 2,15,00,000/- to Corporate Debtor between 28.05.2024 and 08.11.2024 after the demerger of the lending business of RCFL into Authum.
…Agreement between…
First disburse…